Chattel

Improvement (to real property)

Developments of land or structures on property that do more than merely replace, repair or restore the original condition. Improvements are characterized as being permanent and adding to the value of the property.

Exclusivity

Transferability

A characteristic of real property that allows the landowner to pass property to heirs by devise, to allow others the right to cross, to permit the excavation of resources from the property for a fee, or to sell the property to another at the owner's choosing.

Remainder Interest

Tenancy in Partnership

A form of real property ownership in which the title to property is taken in the name of the business. Each party owns an undivided interest in all property so held, and has the right to pass undivided interest to heirs.

Title

Life Estate

An estate or interest in real property, which is held for the duration of the life of some
certain person or persons. It may be limited by the life of the person holding it or by the life of some other person. The Life Tenant is entitled to the possession, use, and enjoyment of the property, but may not commit waste

Waste

Tenant

Adverse Possession

a means by which, in very limited circumstances, a party can acquire good title to real property by occupying the property continuously for five years or more against the wishes of the landowner. In California, the party must also pay taxes on the property, enclose the property, and improve the property.